A 9.8% jump in Maghreb Oxygene put Moroccan mid-caps back at the center of trading on Thursday, October 22, 2026. The stock closed at MAD 382, the best performance on the market, while the MASI rose 0.74% to 17,134.15 points and the MASI Mid and Small Cap index gained 1.12%, a stronger signal than the broader market’s rebound alone.
That move did not happen in isolation. It came with Brent crude at $111.94 a barrel, up 2.9% on the day and 2.2% on the week, while EUR/MAD climbed 3.39% to 11.004. For the Morocco stock market, where imported energy, industrial inputs and euro-linked costs matter directly to margins, those macro shifts shape sector rotation quickly. On Thursday, the Casablanca market rewarded domestic names able to capture momentum even as higher oil and a stronger euro complicated the cost backdrop.
Key figures
- MOX +9.8% at MAD 382
- MASI +0.74% at 17,134.15
- MASI Mid and Small Cap +1.12%
- Breadth: 41 advancers / 16 decliners / 24 unchanged
- Brent crude: , up on the day